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Westgate sells timeshare property near Disney Resort PDF Print E-mail
Written by TSD Staff   

A timeshare development hotel that will be constructed atop the parking garage at The Shops at Anaheim GardenWalk mall is now for sale.

The current price is $37 million; however, its developer—Westgate Resort—has put the project in an online auction. The minimum bid for the developing property has not been revealed.

The property will come with all the developer’s architectural sketches, utilities, and parking. The great thing about the property is that it is located near the Disney Resort—a renowned tourist hot spot.

Initially, the timeshare property was set for construction last year. However, the recession brought financial problems to the developer, forcing the company to put it on sale.

“We’re just selling off non-core assets that don’t pertain to our timeshare business,” explained Mark Waltrip, Chief Operating Officer of Westgate. “We’re not in the business of holding real estate.”   

The company is currently selling the development rights of more than 70 properties across the United States.

 

 
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